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Ascot Resources Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Big Missouri | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 10-12-2019: Ascot Resources Ltd. announces an Exploration/Drilling Update report for its Big Missouri deposit at the Premier project. Drilling results incl. 1.00m @ 149.00g/t Au, 67.0g/t Ag from 154.50m. VANCOUVER, British Columbia, Dec. 10, 2019 -- Ascot | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Kiernan (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 10, 2019 -- Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the results from forty-two (42) drill holes completed at the Big Missouri deposit of Ascot’s Premier Gold Project (“Premier”) near Stewart in northwestern British Columbia. These results should be considered in conjunction with previous news releases on Big Missouri dated June 27, July 17, July 25, August 8 and August 27. Derek White, President and CEO of Ascot commented, “In 2019, the Company drilled just over 24,000 metres in 147 holes at Big Missouri with a total of 321 reported gold intercepts. In the past, Big Missouri was drilled to demonstrate wide zones of lower grade gold for open pit mining. Over the past two years the Company has focussed drilling on higher grade underground targets, especially around the S1 pit and Unicorn areas. We will incorporate this new drill data into an updated resource estimate. "Big Missouri is a large area with enormous potential. We are confident that the drilling will convert a substantial amount of our inferred resources to the indicated category for our mine planning and the upcoming feasibility study.” The Big Missouri deposit is located approximately five kilometres to the north of the Premier mill along the Big Missouri haul road. Westmin Resources previously mined gold from the S1 pit at Big Missouri and in the first half of the 20th century the deposit had limited production from underground. Mineralization at Big Missouri covers a large area and gold zones are present at three different stratigraphic levels in sub-horizontal zones with a gentle westerly dip. The drill program at Big Missouri was designed to convert a portion of the inferred resources to the indicated category. This news release completes the reporting of infill drilling from Big Missouri. | |
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